Nexxen International Stock Price on September 30, 2023
| NEXN Stock | 9.97 0.06 0.61% |
If you're considering investing in Nexxen Stock, it is important to understand the factors that can impact its price. As of today, the current price of Nexxen International stands at 9.97, as last reported on the 22nd of November, with the highest price reaching 10.10 and the lowest price hitting 9.76 during the day. Nexxen International appears to be slightly risky, given 3 months investment horizon. Nexxen International has Sharpe Ratio of 0.11, which conveys that the firm had a 0.11% return per unit of risk over the last 3 months. We have found twenty-eight technical indicators for Nexxen International, which you can use to evaluate the volatility of the firm. Please exercise Nexxen International's Risk Adjusted Performance of 0.1069, downside deviation of 2.56, and Mean Deviation of 2.53 to check out if our risk estimates are consistent with your expectations.
At this time, Nexxen International's Common Stock Shares Outstanding is very stable compared to the past year. As of the 22nd of November 2024, Common Stock is likely to grow to about 440.7 K, while Total Stockholder Equity is likely to drop about 505.4 M. . As of the 22nd of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.09, while Price To Sales Ratio is likely to drop 1.03. Nexxen Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
Nexxen |
Sharpe Ratio = 0.1056
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Estimated Market Risk
| 4.03 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Nexxen International is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Nexxen International by adding it to a well-diversified portfolio.
Price Book 1.2588 | Enterprise Value Ebitda 5.1729 | Price Sales 1.9452 | Shares Float 102.6 M | Wall Street Target Price 9.75 |
Nexxen International Valuation on September 30, 2023
It is possible to determine the worth of Nexxen International on a given historical date. On September 30, 2023 Nexxen was worth 3.47 at the beginning of the trading date compared to the closed value of 3.53. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Nexxen International stock. Still, in general, we apply an absolute valuation method to find Nexxen International's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Nexxen International where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Nexxen International's related companies.
| Open | High | Low | Close | Volume | |
| 3.46 | 3.59 | 3.40 | 3.48 | 44,200 | |
09/29/2023 | 3.47 | 3.59 | 3.43 | 3.53 | 98,400 |
| 3.48 | 3.48 | 3.27 | 3.32 | 102,900 |
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Nexxen International Trading Date Momentum on September 30, 2023
| On October 02 2023 Nexxen International was traded for 3.32 at the closing time. The top price for the day was 3.48 and the lowest listed price was 3.27 . The trading volume for the day was 102.9 K. The trading history from October 2, 2023 was a factor to the next trading day price decrease. The trading delta at closing time against the next closing price was 5.95% . The trading delta at closing time against the current closing price is 3.12% . |
Nexxen International Fundamentals Correlations and Trends
By evaluating Nexxen International's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Nexxen International's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Nexxen financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Nexxen International Stock history
Nexxen International investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Nexxen is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Nexxen International will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Nexxen International stock prices may prove useful in developing a viable investing in Nexxen International
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 71.8 M | 77.3 M |
Nexxen International Quarterly Net Working Capital |
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Nexxen International Stock Technical Analysis
Nexxen International technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Nexxen International Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Nexxen International cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Nexxen International November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Nexxen International stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Nexxen International shares will generate the highest return on investment. By undertsting and applying Nexxen International stock market strength indicators, traders can identify Nexxen International entry and exit signals to maximize returns
Nexxen International Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Nexxen International's price direction in advance. Along with the technical and fundamental analysis of Nexxen Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Nexxen to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.1069 | |||
| Jensen Alpha | 0.4093 | |||
| Total Risk Alpha | (0.01) | |||
| Sortino Ratio | 0.1602 | |||
| Treynor Ratio | 0.5035 |
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Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nexxen International. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in interest. To learn how to invest in Nexxen Stock, please use our How to Invest in Nexxen International guide.You can also try the Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.
Is Advertising space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nexxen International. If investors know Nexxen will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nexxen International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.31) | Earnings Share 0.18 | Revenue Per Share 4.754 | Quarterly Revenue Growth 0.051 | Return On Assets 0.0059 |
The market value of Nexxen International is measured differently than its book value, which is the value of Nexxen that is recorded on the company's balance sheet. Investors also form their own opinion of Nexxen International's value that differs from its market value or its book value, called intrinsic value, which is Nexxen International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nexxen International's market value can be influenced by many factors that don't directly affect Nexxen International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nexxen International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Nexxen International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nexxen International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.